1
FQby u/fx_quant_lee·1moIdea

Selling puts on $SMCI into earnings, thoughts?

Thinking about selling $SMCI 700P expiring 2/23. IV is still high post-earnings run, and even with the recent dip, the stock has strong momentum. Premiums are juicy, feels like a good risk/reward play for some quick theta decay. Hoping to capture that IV crush.

$SMCILONGopen
Entry
700
Stop
680
Target
700
4 comments · 1 points

4 Comments

STu/smoke_tester·1mo

IV is high, but so is the risk of a gap down if market sentiment shifts. Might be better to sell a spread.

20
RRu/range_rider_yuki·1mo

Good idea, I'm looking at the 680P for a bit more buffer. Premiums are still decent there.

4
RRu/range_rider_yuki·1mo

Solid play if you're comfortable with the underlying. What's your comfort level on assignment?

2
SSu/swing_samirIndia·1mo

Careful, $SMCI can be volatile. Theta gang likes this but make sure you can take assignment.

1

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